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Accession in “Egmont Group” prevents money laundering

By   /  02/02/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on Accession in “Egmont Group” prevents money laundering

Kosovo is the youngest member of Egmond Group of Financial Intelligence Units. Egmont Group is an international organization with 152 financial intelligence units specialized in the fight against money laundering and funding of terrorism. Kosovo’s Foreign Minister, Enver Hoxhaj says that this is another important achievement which affects the professional aspects of the engagement of […]

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There will be no pay cuts, says Kosovo’s Finance minister

By   /  19/01/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on There will be no pay cuts, says Kosovo’s Finance minister

Kosovo’s Finance minister, Avdullah Hoti said in a press conference that the new bill on salaries will not affect people employed in the civil sector. “I would like to assure everyone that there will be no pay cuts. The new bill only aims at harmonizing salaries for officials who do the same job”, he said. […]

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1, 841 businesses shut down in Kosovo

By   /  13/01/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on 1, 841 businesses shut down in Kosovo

Kosovo’s Central Bank (BQK) has announced that the number of new businesses registered until September 2016 was 8,173 or 820 businesses more than the previous year, while the number of businesses that was shut down for the same period was 8,173 or 606 businesses more than the previous year. The latest data published in the […]

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18 thousand people were employed in 2016, Kosovo’s Finance Minister says

By   /  27/12/2016  /  Finance, Kosovo, XK Finance  /  Comments Off on 18 thousand people were employed in 2016, Kosovo’s Finance Minister says

Minister of Finance, Avdullah Hoti, declared in his end of the year speech that 18 thousand new jobs were created during 2016. “All statistics indicate that there has been a more intense economic activity and a new basis has been established for next year”, Hoti declared. Hoti said that economic growth for this year will […]

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Parliament of Kosovo approved the 2017 budget

By   /  23/12/2016  /  Finance, Kosovo, XK Finance  /  Comments Off on Parliament of Kosovo approved the 2017 budget

With a majority of votes, parliament of Kosovo has approved the 2017 budget, which amounts to 2 billion euros. Following a long debate on Thursday’s session, 70 out of 78 MPs voted in favor of the approval of the budget. Minister of Finance, Avdullah Hoti said that the budget had the full approval by the […]

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Kosovo marked economic progress, PM Mustafa says

By   /  22/12/2016  /  Finance, Kosovo, XK Finance  /  Comments Off on Kosovo marked economic progress, PM Mustafa says

Today, parliament in Kosovo discussed the 2017 budget. During the presentation of this budget, Kosovo’s PM praised the governing coalition for the achievements in the domain of economy. “Economic growth of 4,1% is the highest ones in the region and some EU countries. Statistics indicate a drop in unemployment”, the PM says. Mustafa said that […]

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Kosovo has benefited 400 million USD from the World Bank

By   /  07/12/2016  /  Finance, Headlines, Kosovo, XK Finance  /  Comments Off on Kosovo has benefited 400 million USD from the World Bank

As of 2009, Kosovo has benefited from the support of the World Bank given in the form of grants and loans in the domain of healthcare, education, energy, environment, agriculture and other sectors. This was said by Kosovo’s minister of Finance, Avdullah Hoti, in a meeting with representatives of the World Bank. “So far, Kosovo […]

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Informal economy damages Kosovo’s budget

By   /  25/11/2016  /  Finance, Headlines, Kosovo, XK Finance  /  Comments Off on Informal economy damages Kosovo’s budget

Government officials and international financial institutions admit that informal economy in Kosovo is around 30%. The head of the Kosovo Tax Administration, Sakip Imeri says that informal economy is damaging the state budget. “The level of informality in the economy of Kosovo is around 29 to 35%. Almost 1/3 of the economy of Kosovo is […]

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Budget triggers debates within governing coalition parties in Kosovo

By   /  02/11/2016  /  Finance, Kosovo, XK Finance  /  Comments Off on Budget triggers debates within governing coalition parties in Kosovo

Kosovo’s 2017 budget with a value of over 2 billion euros, is turning into an object of debates between governing coalition parties, namely between Democratic Party of Kosovo and Kosovo’s Democratic League. Deputy ministers of finance, which belong to the two parties of the government coalition, have different opinions about the projections, division and the […]

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Government of Kosovo approves the 2017 budget

By   /  01/11/2016  /  Finance, Kosovo, XK Finance  /  Comments Off on Government of Kosovo approves the 2017 budget

Government of Kosovo has approved and sent to Parliament the bill on the 2017 budget today. Prime Minister of Kosovo, Isa Mustafa said that the 2017 budget is a budget that will boost development and a budget that reflects the governing program of the coalition. Mustafa said that most of the budget funds are generated […]

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